NAMFISA is recruiting an Economist, to be based in Windhoek, Namibia.
  • The purpose of the position is to assist the Manager: Financial Stability in monitoring, analysis and researching issues related to overall risk based rating in respect of systemic risk and risk assessment of regulated entities
  • Further, it involves the formulation and guidance in monitoring industry developments on non-banking financial sector
  • Participate in collecting, collating and analyzing data and research information to monitor and assess emerging trends in the financial sector that NAMFISA regulates and supervise
  • Ensure that such data is received on time and is correct for publication i.e., involves checking, editing, processing and compiling
  • Participate in the assessment of laws for weaknesses or gaps by identifying all relevant or applicable laws and summarizing the pertinent provisions
  • Assist and participate in the review and drafting of policy, prudential standards and regulations under the proposed FIM Bill.
  • Assist in terms of analytical tools focused on developing statistical and stress-testing models, inclusive of data requirements
  • Regularly contribute to the preparation of the CISNA report, IOPS and OECD submissions by collecting, collating and analyzing nonbanking financial sector
  • Assist and participate in the preparation of position papers on regulatory and supervisory policy issues in order to keep the Authority informed of these developments
  • Participate in conducting research on topics relevant to the regulatory and supervisory mandate of NAMFISA in order to enhance the risk-based supervisory framework
  • Participate in monitoring and analyzing trends and developments in the financial markets at national and global level with a view to identifying key risks and vulnerabilities in the financial system, in particular the Non-bank financial sector
  • Assist in the preparation and drafting of speeches and presentations related to risk in the regulated entities
  • Provide information/input into enquiries or requests related to the non-banking financial sector and other relevant matters
  • Assist and participate in formulating legislative amendments, including participation in drafting and reviewing prudential standards and regulations
  • Qualifications and Experience:
  • A Bachelor’s degree in a relevant subject (Economics, Finance, Statistics, Econometric modelling, Risk management, Quantitative/Mathematical modelling
  • AND
  • A minimum of 5 years’ experience within the financial sector OR
  • Significant exposure to at least one or more of the following industries: Pension Funds, Long and Short-Term Insurance, Medical Aid Funds, Investment management or micro-lending
  • Knowledge of:
  • NAMFISA’s mission, objectives, functions, processes and systems
  • Knowledge of relevant legislation
  • Industry business knowledge and understanding
  • Up to date with industry trends and legislative environment
  • Understanding and interpretation of laws
  • Risk assessment knowledge and understanding
  • Economic environment
  • Analytical tools and methods
  • Policy design, implementation and monitoring
  • International developments in financial services regulation including Basell III and Solvency II
  • Skills:
  • Good verbal and written communication skills
  • Computer literacy skills (MS Office)
  • Regulatory skills
  • Interpersonal skills
  • Decision-making skills
  • Interviewing skills
  • Problem solving skills
  • Planning skills
  • Networking skills
  • Report-writing skills
  • Research and Analytical skills
  • Presentation skills
  • Only shortlisted applicants will be contacted
  • Remuneration: NAMFISA offers a market-related total cost to company package based on work experience and qualifications
  • The package includes retirement and medical aid benefits
  • ONLY persons with disabilities may apply via the National Disability as follows: Ms. M. Katjinamunene – OR Ms. M. Ndengu –
  • As per Affirmative Action (Employment) Act, Act 29 of 1998, Namibian Citizens from disadvantaged groups and persons living with disabilities will receive preferential treatment and are encouraged to apply
  • Please note that certified copies of qualifications and identification documents should be attached to your application
  • No faxed applications will be accepted
  • NAMFISA reserves the right not to make an appointment in this position
  • We encourage energetic, dynamic and results-driven team players to forward their applications
How to Apply
1. Documentation
  • Cover Letter
  • Curriculum Vitae
  • Certified Copies of Qualifications
  • Certified Copies of Identification Documents
2. Application
  • Send your Documentation to Human Resources at with the Subject line “Economist”
  • Indicate the source of this job post:
This vacancy is no longer accepting applications


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